Real Goods Solar (RGS): Q1 Results

Real Goods Solar (RGS) Energy aus den USA hat Zahlen für das erste Quartal 2017 gemeldet. Demnach ist der Nettoverlust in diesem Zeitraum von 3,7 auf 4 Millionen US-Dollar gestiegen. Wir veröffentlichen die Mitteilung der Spezialistin für Aufdach-Solaranlagen zu der Zwischenbilanz im Wortlaut.

Die untenstehende Meldung ist eine Original-Meldung des Unternehmens. Sie ist nicht von der bearbeitet. Die presserechtliche Verantwortlichkeit liegt bei dem meldenden Unternehmen.

DENVER, Colorado  - RGS Energy (RGSE), a residential and small business commercial solar company since 1978, reported results for its first quarter ended March 31, 2017. The company also filed its quarterly report on Form 10-Q, as well as posted supplemental financial information in the Investor Relations section of its company website.

Q1 2017 Financial Summary
(000’s omitted)           1st Quarter 2017           4th Quarter 2016           1st Quarter 2016
Net loss                               $ (4,034)           $ (10,479)                $ (3,651)
Stockholders’ equity (deficit)  17,886                4,978                      (4,400)
Working capital                     15,857                 2,586                     (7,478)

The company raised additional capital of $16 million. The additional capital allowed the company to terminate its revolving line of credit and the company is now debt free.

The company believes the additional capital will enable it to grow its top-line revenue and achieve break-even, and thereafter better results, in future periods. Implementation of the strategy requires up-front expenses to expand sales teams and marketing for customer leads, which are required investments before the company can expect to realize increased sales. Operating expenses in the first quarter of 2017 included $587,000 related to these up-front expenses.

Growth Strategy Update
The company earlier issued a business update announcing progress on its top-line revenue growth strategy. Compared to the fourth quarter of 2016:

    Gross sales increased 19%
    Size of the company’s sales organization expanded by 70%
    Acquisition cost-per-sale decreased by 23%

Management Commentary
“The first quarter is historically our most challenging period for both sales and converting backlog into revenue due to inclement weather on the East Coast,” noted Dennis Lacey, CEO of RGS Energy. “Given our $15.9 million of working capital, we believe we can continue to make the investments needed to execute our top-line revenue growth strategy. While the first quarter’s performance doesn’t reflect the recent investments, we are seeing signs of progress. As such, we are targeting improvement over the remainder of 2017.”

About RGS Energy
RGS Energy (RGSE) is a residential and small business commercial solar company since 1978 which has installed more than 25,000 solar power systems. RGS Energy makes it very convenient for customers to save on their energy bill by providing turnkey solar solutions - from system design, construction planning, customer financing assistance, installation, to interconnection and warranty.

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